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    Home > Chemicals Industry > New Chemical Materials > October 10 copper market noon review

    October 10 copper market noon review

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Copper market afternoon comment: the US index remained firm, and London copper closed down 1.
    28% the next week; Macro pressure is not reduced, internal and external copper inventories are on the rise, domestic demand is expected to decrease in October, supply has increased, and copper is expected to rise
    slightly.

    Copper City

    U.
    S.
    nonfarm payrolls rose 263,000 in September versus an estimated increase of 255,000 and an increase of 315,000
    in August.
    The U.
    S.
    unemployment rate was 3.
    5% in September versus 3.
    7% expected vs.
    3.
    7%
    in the previous month.
    U.
    S.
    employment data was significantly better than expected, the probability of a 75 basis point rate hike by the Federal Reserve in early November rose to more than 90%, and non-ferrous metals fell back during the National Day holiday
    .

    Chile's copper production fell 10.
    2%
    in August.
    During the National Day, London copper fell about 1.
    27% and opened slightly lower at $
    7452 today.
    It is expected that Shanghai copper will open low to around 60500 with the external market today, and copper supply and demand is expected to improve after the National Day, and there is support below copper prices, and a moderate rebound
    may occur in the medium term.
    Shanghai copper upper pressure 65000, lower support 60000
    .
    International copper rose to 758 points compared with Shanghai copper, and the external trend was stronger than the internal market
    .

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